Target just announced the sale @ 3.80 a pop. If you wait a bit longer, may be by the end of the week, Home Depot and Lowe's will have it on sale for 3.20.
Either you are making this up or you have absolutely no (zero) stock experience. Never, ever put all eggs in one basket.
Again a NO - I am not a shorty. I hold on. But buying, even at this level is way too risky. If you look at the geo-political situation, in particular nuclear talks with Iran, the China bubble - Greek crisis seems to be resolved - you have to realize that oil has only one direction to go, which is further down.
If you want to buy in, even at this level, just go ahead ...
Cutting distribution to ZERO is a given - will happen within a month or two. This will bleed the stock completely out as a psychological consequence. How many of us are hanging in there only for its lush distribution?
No!!! This stock is going much lower in the days and weeks to come.
You are ruined all right ... if you had all your eggs in one basket.
Expect BBEP go lower; and if it survives, it will take years to recover.
Oh NO ... you should have waited ... soon going on sale for $3.80 at Target
Not going to happen this week ... No matter what the outcome of the referendum on Sunday will be, the EU has lost all confidence into Greece. If there are further negotiations, the EU got Greece by the balls.
The bleeding could have been stopped a few weeks ago, now they would need additional funding on top of what had been negotiated or proposed last week.
Tough lesson learned, but 5 min too late.
This is a realistic possibility if not lower and will largely depend to what extend SAN has exposure to Greek bonds in particular and the banking system in general.
... when the share price hit $23 I sold half of my BBEP holding in hope to get in again after the price would drop below $19. It has gotten worse than that, and I didn't buy in even at current price.
In hindsight I am glad being stuck with only half the losses, even though it's tough.
The way up to $10 and possibly $20 will be a long and rough road and will take years. In the meantime I hope they can clean up their books and keep paying an 8%+ dividend.